Move-In Ready Office
For Sale
$995,000
125 Hangar Way 110, Watsonville, CA 95076
Turnkey office suite with reception area, three private offices, conference room, and dedicated server/storage room.
Property Size2,256 SF
Days on Market91
Property Features for 125 Hangar Way 110
General Information
Standard status
Active
Size
2,256 SF
Property subtype
COMMERCIAL
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Building Details
Building Size
2,256 SF
Year Built
2007
Listing Agency:
Coldwell Banker Realty
(831) 234-1416
Listed By:
Sean Pate · License #01160202
(831) 234-1416
Source:
Desantisrealty
Added: Jun 1
Changed: Aug 27
Last Checked: Aug 29 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This move-in ready office condo suite is designed for professional day-to-day operations. The floor plan begins with a reception area that leads into a workspace balancing privacy and collaboration, with three expansive private offices plus a specialized support staff area and multiple workstations. A large conference room supports meetings and presentations, and the suite includes a full kitchen and break room.
For comfort and convenience, there are two bathrooms and a dedicated server/storage room for technical needs. Safety and security are built in with integrated fire sprinklers, a fire alarm, and a security system.
Built in 2007, the suite is fully equipped for immediate occupancy and offers a streamlined environment for a team seeking an operational office setup from day one.
For comfort and convenience, there are two bathrooms and a dedicated server/storage room for technical needs. Safety and security are built in with integrated fire sprinklers, a fire alarm, and a security system.
Built in 2007, the suite is fully equipped for immediate occupancy and offers a streamlined environment for a team seeking an operational office setup from day one.
Key Highlights
- Reception area leading to a workspace with private offices and workstations
- Three private offices plus support staff area for flexible team use
- Large conference room for meetings and presentations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,600
$1.1M
Cap Rate 7%
$791,857
$791.9K
Cap Rate 9%
$615,889
$615.9K
Market Conditions
NOI Build-Up for 2,256 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.8K $42.00/SF
− Vacancy
−$20.8K −$9.24/SF
EGI
$73.9K $32.76/SF
− OpEx
−$18.5K −$8.19/SF
NOI
$55.4K $24.57/SF
Area
Santa Cruz County, CA
Vacancy
22.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,600
Cap Rate 7%
$791,857
Cap Rate 9%
$615,889
Alternative Uses
Best Use
Office B
$791.9K
$692.9K – $923.8K
NOI $55,430 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,299 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 95076, CA
84,433
Population
26,488
Households
3.2
Avg Household Size
35
Median Age
19%
College-Educated
72%
High-School Grad
135.1 sq mi
ZIP Area
625
Density / Sq Mi
$86,685
Median Household Income
$36,077
Median Earnings
$1,851
Median Rent
$767,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office suite with reception area, three private offices, conference room, and dedicated server/storage room.
Where is this office units located?
The property is located at 125 Hangar Way 110 Watsonville, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Reception area leading to a workspace with private offices and workstations; Three private offices plus support staff area for flexible team use; Large conference room for meetings and presentations
